Belle Property Cromer

SUBURB REPORT 2021 CROMER 01 APRIL - 30 JUNE NICK DUCHATEL 0430 443 633 JOSH BRYAN 0434 063 542 Belle Property Dee Why | 9982 3553 Shop 1, 12 Howard Avenue | Dee Why deewhy.info@belleproperty.com Market growth in the second quarter of 2021 continued to escalate with growth from 30 to 40 percent compared to sales prices for the same period last year, but has now stabilised.This has allowed buyers to consider their financial choices with many releasing equity to renovate, purchase an investment property, or relocate to other areas. We continue to attract buyers from out of area because as more of us make the move to work from home, greater value is being placed on lifestyle than convenience to the city.Today, people are not only contributing to a greater pool of buyers for the limited housing stock available, but also bringing an increased perception of value, resulting in dramatic price hikes. Entry level into Cromer is now in the vicinity of $2M.We recently sold 272 Alfred Street, Cromer which had been in the same family since built 63 years ago and was in original condition. Fifteen contracts were issued, and it sold at auction for $2.35M. We also recently received an offer of $3.6M for an off-market property in Cromer. It’s only a matter of time before these tightly held homes hit the market and set a new sales benchmark.At this stage, Belle Property holds the suburb record achieved back in 2017 on Toronto Avenue which sold for $3.3M. The first six months of the year have certainly been interesting, we look forward to what the second half of 2021 holds for the property market.We welcome any discussion whether you’re thinking of buying, selling, leasing, or need some information or advice. We anticipate your call should you require our assistance. www.belleproperty.com/deewhy/ AVERAGE DAYS ON MARKET IN SECOND QUARTER 2021 18 $2.1M AVERAGE SALE PRICE FOR SECOND QUARTER 2021 18 PROPERTIES SOLD IN SECOND QUARTER 2021 Disclaimer: Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must relay on their own enquiries This business is independently owned and operated by ABN 55605444675 trading as Belle Property Dee Why If any other agent has a current exclusive agency agreement in relation to your property, please disregard this communication.